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XRP ETF Approval Likely as Polymarket Bets Hit 87%
The crypto community is abuzz with optimism regarding the potential approval of an XRP exchange-traded fund (ETF) in 2025. This excitement is reflected in Polymarket, where bettors are assigning an astonishing 87% probability that the U.S. Securities and Exchange Commission (SEC) will grant its seal of approval by the end of the year.
The driving force behind this optimism is Ripple’s recent legal victory against the SEC, which has removed a significant hurdle to the approval process. Nate Geraci, president of ETF Store, has joined the chorus, stating that an XRP ETF is inevitable and will only be a matter of time before it becomes a reality. He anticipates major asset managers like BlackRock (NYSE:BLK) and Fidelity will play a crucial role in offering XRP as a regulated investment product.
Polymarket’s predictions have consistently demonstrated forecasting accuracy, despite recent allegations surrounding the platform involving a governance attack on Universal Market Access (UMA) tokens. Despite this controversy, the high probability assigned to XRP ETF approval reflects a growing confidence in the broader crypto market’s trajectory.
The shift towards a more crypto-friendly administration has further fueled speculation about XRP ETF approval. The regulatory landscape is now more conducive to approving crypto-related financial products. Ripple’s legal victory combined with an increasing political receptiveness, particularly following former President Donald Trump’s efforts to push for stablecoin legislation and the launch of his own dollar-backed stablecoin under World Liberty Financial, have strengthened the case for XRP ETF approval.
These developments signal that traditional financial institutions and policymakers are gradually warming up to regulated crypto products. In conclusion, it appears increasingly likely that an XRP ETF will become a reality in 2025, paving the way for increased institutional involvement, heightened liquidity, and price stability for XRP.
In essence, an XRP ETF approval would be a significant milestone for the broader crypto ecosystem, ushering in a new era of mainstream acceptance and institutional adoption.
Source: https://cryptocurrencynews.com/investing-news/xrp-etf-approval-likely-as-polymarket-bets-hit-87/
